New Bancorp, Inc. reported earnings results for the quarter ended March 31, 2016. Net loss was $257,000, compared to net income of $61,000 for the three months ended March 31, 2015. This $318,000 decrease was primarily due to a $98,000 decrease in noninterest income and a $226,000 increase in noninterest expenses, which were partially offset by a $6,000 increase in net interest income. Interest income increased $25,000, or 3.1%, to $837,000 for the three months ended March 31, 2016 from $812,000 for the three months ended March 31, 2015. This increase was solely attributable to a $25,000 increase in interest on loans receivable. Net interest income increased $6,000, or 0.9%, to $651,000 for the three months ended March 31, 2016 compared to $645,000 for the three months ended March 31, 2015. The interest rate spread was 3.21% for the three months ended March 31, 2016 compared to 3.27% for the three months ended March 31, 2015. Net cash used in operating activities was $1,000 and $2.1 million for the three months ended March 31, 2016 and 2015, respectively.